Why is Elgi Rubber Co falling/rising?

As of 18-Sep, Elgi Rubber Company Ltd's stock price is currently at Rs 71.34, reflecting an increase of 1.15 (1.64%). The stock has shown a performance today that outperformed its sector by 2.22%, and it opened with a gain of 3.56%, reaching an intraday high of Rs 72.69. However, it is important to note that the stock has been on a downward trend, falling every week for the last eight weeks and every month for the last six weeks, resulting in a total return of -100% during these periods. The company faces significant challenges, including weak long-term fundamental strength, a high Debt to EBITDA ratio, and negative operating profits, which contribute to its risky trading status.
In the broader market context, the stock has underperformed compared to the Sensex over the year-to-date, with a decline of 47.56% against the benchmark's increase of 7.52%. While the stock has shown a positive return of 30.18% over the past month, this is still less than the Sensex's 2.20% increase during the same period. The recent performance highlights a stark contrast between the stock's short-term gains and its long-term struggles, indicating that despite today's rise, the overall trend remains concerning due to the company's financial instability and poor growth metrics.